Boris Johnson Tax Calculator - £4,000.00 Salary Example (£4K Salary)

This Salary and Tax Calculator is provided to illustrate how Boris Johnsons planned changes to the higher Rate Income Tax Threshold will affect a £4,000.00 Salary (£4K Salary). The illustration also includes an overview of a current 2019 salary example for £4,000.00 and an salary example for £4,000.00 if the personal allowance were to be increase to £30k (a solution which would affect all tax ayers, not just those who earner over £50k.

Boris Johnson tax Calculator
£4,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay380038003800
Difference n/a00
Take Home95.00%95.00%95.00%

You can see a detailed salary overview for each of these calculations below.

About the Boris Johnson Salary Examples

In order to provide a like-for-like salary comparison against our three tax scenarios, we have used the following defaults:

  1. Annual Salary before tax: £4,000.00
  2. The individual is part of a company pension scheme
    1. An Employer Pension Contribution of 5% has been applied
    2. An Employee Pension Contribution of 3% has been applied
  3. A standard tax code has been used
  4. Salary is calculated over a full tax year
  5. There are no salary sacrifice options included
  6. There are no special National Insurance Contibutions rules /exemptions (Employer or Employee)

2019 Salary Example for £4,000.00 (Current)

£4,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income4,000.00333.33307.69153.8576.9215.812.20100.00%
Adjusted Gross Income23,800.00316.67292.31146.1573.0815.022.0995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87312.50%
Company Pension: Employee200.0016.6715.387.693.850.790.115.00%
Company Pension: Employer120.0010.009.234.622.310.470.073.00%
Total Pay Deductions200.0016.6715.387.693.850.790.115.00%
Net Pay3,800.00316.67292.31146.1573.0815.022.0995.00%

Salary Package [Cost of Employee]4,120.00343.33316.92158.4679.2316.282.26103.00%

1 Percentage expressed in relation to Gross Income [£3,800.00].

[ No Votes ]

2019 Salary Example for £4,000.00 (Planned by Boris Johnson)

£4,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income4,000.00333.33307.69153.8576.9215.812.20100.00%
Adjusted Gross Income23,800.00316.67292.31146.1573.0815.022.0995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87312.50%
Company Pension: Employee200.0016.6715.387.693.850.790.115.00%
Company Pension: Employer120.0010.009.234.622.310.470.073.00%
Total Pay Deductions200.0016.6715.387.693.850.790.115.00%
Net Pay3,800.00316.67292.31146.1573.0815.022.0995.00%

Salary Package [Cost of Employee]4,120.00343.33316.92158.4679.2316.282.26103.00%

1 Percentage expressed in relation to Gross Income [£3,800.00].

2019 Salary Example for £4,000.00 (Suggested by iCalculator)

£4,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income4,000.00333.33307.69153.8576.9215.812.20100.00%
Adjusted Gross Income23,800.00316.67292.31146.1573.0815.022.0995.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48750.00%
Company Pension: Employee200.0016.6715.387.693.850.790.115.00%
Company Pension: Employer120.0010.009.234.622.310.470.073.00%
Total Pay Deductions200.0016.6715.387.693.850.790.115.00%
Net Pay3,800.00316.67292.31146.1573.0815.022.0995.00%

Salary Package [Cost of Employee]4,120.00343.33316.92158.4679.2316.282.26103.00%

1 Percentage expressed in relation to Gross Income [£3,800.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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